Questions
School is interested in knowing the average height of undergraduate students but do not have time...

School is interested in knowing the average height of undergraduate students but do not have time to measure all the students. 100 students were randomly selected and it is found that the average height of these 100 students is 1.60 metres with a standard deviation of 0.3 metres.

a) State the point estimate of the average height of undergraduate students.

b) Construct an interval estimate of the average height of students with 99% confidence.

c) The respond rate of the above survey was 85%, i.e. 85% of the students contacted were willing to participate in the survey. Construct an interval estimate of the proportion of students population who are willing to participate in other similar survey with 95% confidence.

d) The Student Services Centre is not very convinced of the result and would like to conduct a second survey. It would like to estimate the mean population height of students to be within 0.05 metres and be 99% confident, assuming the population standard deviation is 0.3 metres, how large a sample is necessary to achieve the accuracy stated?

In: Statistics and Probability

Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are...

Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Compare the exponential smoothing with a smoothing constant of 0.3 and a three-year moving average forecasting method, which method do you think is better (use mean absolute deviation MAD for your analysis)? how to analyze each in excel and what determines which is best method?

      YEAR DEMAND FOR FERTILIZER (1,000s OF BAGS)
1 4
2 6
3 4
4 5
5 10
6 8
7 7
8 9
9 12
10 14
11 15

Group of answer choices

The three-year moving average is better.

Can no tell from the data given.

The exponential smoothing method is better

When smoothing constant equal to 0.3, it becomes the same model as the three-year moving average.

In: Statistics and Probability

1. Calculate the value of a preferred stock with a fixed annual dividend of $2.45, assuming...

1. Calculate the value of a preferred stock with a fixed annual dividend of $2.45, assuming a discount rate of 9.5%. Solve the problem two different ways: first by using the algebraic formula for a constant dividend preferred stock, then by using the built-in Excel function PV.

In: Finance

You can only use built in Lisp functions and you cannot use setq function. Write a...

You can only use built in Lisp functions and you cannot use setq function.

Write a function in Lisp called f1 that counts the number of lists in a list. Example: (f1 ‘(a (a b (b c)) c d (e))) returns 2

In: Computer Science

Draw the red-black BST that results when you insert letters A through K int order into...

Draw the red-black BST that results when you insert letters A through K int order into an initially empty tree, then describe what happens in general when trees are built by insertion of keys in ascending order. What about descending order?

In: Computer Science

MATLAB: Write a function called problem2 that takes an at most two-dimensional matrix A as its...

MATLAB:

Write a function called problem2 that takes an at most two-dimensional matrix A as its sole input. The function uses a while-loop to return the largest element of A. You are not allowed to use the built-in max function and you are also not allowed to use for-loops.

In: Computer Science

University Car Wash built a deluxe car wash across the street from campus.

University Car Wash built a deluxe car wash across the street from campus. The new machines cost $ 270,000 including Installation. The company estimates that the equipment will have a residual value of $ 24,000. University Car Wash also estimates It will use the machine for six years or about 12.000 total hours, Actual use per year was as follows:

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In: Accounting

ABC Company built a new factory building during 20X5 at a cost of $ 20 million....

ABC Company built a new factory building during 20X5 at a cost of $ 20 million. As of December 31, 20X5, the net book value of the building was $ 19 million. After the end of the year, on March 15, 20X6, the building caught fire and the claim against the insurance company was in vain because the cause of the fire was the negligence of the building caretaker. If the financial statement approval date for the year ending December 31, 20X5, is March 31, 20x6, the company must....
A. Remove the net book value of the residual value because the insurance claim will not provide any reimbursement.
B. Make a provision equal to half the net book value of the building.
C. Make a provision of three quarters of the net book value of a building based on the precautionary principle
D. Disclose this event in the notes to the Financial Statements.

In: Accounting

A new subdivision was recently built within the city limits of Hattenville, Mississippi. The City Government...

A new subdivision was recently built within the city limits of Hattenville, Mississippi. The City Government has taken on the project of building and installing streetlights and benches within the subdivision. The City Government will issue five-year bonds in order to finance the project. According to the city’s laws and homeowner’s agreement, the provision of lighting the sidewalks is the responsibility of the homeowners. An excerpt from the bond agreement is provided below:

The aforementioned bonds are issued and held by the City Government. Provisions for repayment of the bonds will flow from the special assessment (property tax) that is levied against the homeowners. Failure by a home owner to pay the tax will result in the foreclosure of the homeowner’s property. The property will then be resold at public auction, and the proceeds will be used to finance repayment of the bonds. If a property is not sold at auction, City Government is not required to purchase the property. The City Government is not required to use proceeds from other funds to cover delinquencies while the foreclosure process is occurring, but does maintain the power to create a separate fund for the purpose of redeeming the bonds.

Given the facts provided, what type of fund should the City Government use to account for the debt service transactions?

During the construction phase, how should the source of funds be identified within the appropriate fund?

Is the type of assessment being used by the City Government a service-type special assessment or a capital improvement special assessment?

In: Accounting

A new subdivision was recently built within the city limits of Providence, Rhode Island. The City...

A new subdivision was recently built within the city limits of Providence, Rhode Island. The City Government has taken on the project of building and installing streetlights and benches within the subdivision. The City Government will issue five-year bonds in order to finance the project. According to the city’s laws and homeowner’s agreement, the provision of lighting the sidewalks is the responsibility of the homeowners. An excerpt from the bond agreement is provided below:

The aforementioned bonds are issued and held by the City Government. Provisions for repayment of the bonds will flow from the special assessment (property tax) that is levied against the homeowners. Failure by a home owner to pay the tax will result in the foreclosure of the homeowner’s property. The property will then be resold at public auction, and the proceeds will be used to finance repayment of the bonds. If a property is not sold at auction, City Government is not required to purchase the property. The City Government is not required to use proceeds from other funds to cover delinquencies while the foreclosure process is occurring, but does maintain the power to create a separate fund for the purpose of redeeming the bonds.

Given the facts provided, what type of fund should the City Government use to account for the debt service transactions?

During the construction phase, how should the source of funds be identified within the appropriate fund?

Is the type of assessment being used by the City Government a service-type special assessment or a capital improvement special assessment?

Explain your analysis and document your conclusion fully, including specific references for relevant technical literature section(s) within the GASB Codification that were utilized in reaching your decisions.

In: Accounting